If a currency is agreed upon being valid by multiple parties, I’d argue it is “real money”.
That right there. The vast, vast majority of people don’t think it’s valid, therefore it’s not real money.
What makes it less real than other fiat currencies, if I may ask? If a currency is agreed upon being valid by multiple parties, I’d argue it is “real money”.
n2burns@lemmy.ca 7 months ago
PanArab@lemmy.world 7 months ago
It’s a speculative asset, based on the bigger fool theory. You need to sell it for real money to pay your taxes.